👛 Is your wallet ready for the future?
Plus: Meta's surprising new project
GM. Our crypto juicer's on full blast, and we're serving up a bold, zesty mix of today's freshest market updates.
💳 FV Bank and Visa are launching a new debit card.
🫤 Coinbase CEO Brian Armstrong wants an apology from the next SEC Chair.
🤖 Meta is building its own search engine.
🍊 News drops: Andy Ayrey's X account gets hacked, Canadians don't really like the Bank of Canada's CBDC idea + more
🍍 Market flavor today
The market's popping off like a bag of popcorn, and we're here for every crunchy bite! The Fear and Greed Index is holding strong at 72, so investors are still feeling greedy. Bitcoin smashed through the $70K ceiling - we're creeping ever closer to that all-time high of $73K.
Matthew Sigel over at VanEck thinks that we're currently in a very bullish setup for Bitcoin. He says the current market vibes are giving off 2020 energy. Back then, Bitcoin was like the wallflower at the dance - low-key and chill - until the election results dropped, and then it busted out the moonwalk 🌕🕺 Sigel thinks we might see a repeat performance. He predicts that after the election wraps up, a fresh wave of buyers could jump in, sending prices soaring.
And the economy's got its fair share of fuel to keep the party going! The Conference Board's consumer confidence index soared to 108.7 this October, up from 99.2 in September. Translation? Folks are feeling optimistic about business prospects and their future income - which usually means they're more willing to spend and, yup, invest in higher-risk assets like BTC.
Meanwhile, the latest JOLTs job openings data from September didn't meet market expectations, hinting at slower economic growth. The Fed might take this as a sign to ease up and consider cutting interest rates.
Plus, BTC ETFs are still flexing their muscles, kicking off the week with $479.4M in inflows. Even Emory University hopped on the train, adding $15M into the ETF mix.
So, are you ready to watch the next episode? Stay tuned, 'cause it's about to get wild! 🎬🍿
🌭 Ketchup and mustard FTW
Imagine eating a hot dog with just ketchup. It’s great, but if you add mustard to the equation… chef's kiss.
Now, take that feeling and apply it to your wallet. Having a card for just cash? Fine, but you deserve better. Having cash and crypto on one card? YUP, say it louder. And FV Bank and Visa are making it happen - one card for dollars and crypto. Hearing this must be a new form of ASMR.
These bad boys are set for use anywhere Visa's accepted. And get this: no more stressing about exchanging assets 'cause they'll auto-convert on the spot.
FV Bank's app and online portal make it easy to keep tabs, change your PIN, set spending limits (yeah, good luck with that one), and freeze transactions if you go a little too wild.
We're living in the future, my friends. And the future is not looking good for my shopping addiction, lemme tell ya.
✍️ Dear next SEC Chair…
Coinbase CEO Brian Armstrong's out here giving lectures on basic etiquette - and, honestly, we're here for it.
The man's got a lil' suggestion for the next SEC Chair, suggesting they kick things off with a big ol' apology and toss out those random lawsuits the SEC's been throwing around. Btw, I love how he's not even bothering to ask Gary Gensler for this.
He's got a whole list of the SEC's "Wait… What? 😀" moments to back it up:
The message is loud and clear: crypto needs more than a regulatory framework that feels like it was scribbled on a napkin at 3 AM. We demand clarity!
🙅 No more borrowing
Why use a friend's Netflix account when you can have your own? Actually… scratch that. That's the gold standard. Why use a friend's WiFi when you can have your own? Wait, this is also a bad example. Anyways.
Meta is apparently done with borrowing their friends' (Google and Bing) search engines to power their AI chatbot.
For the last eight months, they've been secretly working on crafting a custom database of relevant information to build their own search engine. The goal? A self-sufficient, Meta-exclusive search experience with AI-generated answers.
That's the plan, apparently. And hey, for a company that already knows way too much about us, making its own search engine kind of feels like the next logical (yet slightly stalker-ish) step, right?
'Cause why use a friend's car when you can drive your own? Got it, finally!
📰 News drops
🚨 The X account of Andy Ayrey, the creator of Terminal of Truths, got hacked to pump a fake memecoin called Infinite Backrooms (IB). The hype sent IB's market cap soaring to $25M, letting scammers cash out over $600K after they dumped their stash.
🇨🇦 Canadians aren't rushing to embrace the Bank of Canada's digital dollar idea. A report shows they still lean heavily on cash and cards for everyday buys.
🏀 Coinbase is now the "Official Cryptocurrency Platform Partner" of the Golden State Warriors. It's one of the first US crypto exchanges to get back into sports sponsorships since the FTX fallout.
⚽️ Major League Soccer dropped MLS Quest, a fresh NFT collectibles platform on the Sui network. Fans can dive into this free-to-play experience, hunting for Key Play of the Game Medallions both online and at real-life MLS events across North America.
🤓 Knowledge juice
Learn about Trezor Safe 5 with the latest BitDegree Mission, "Trezor Safe 5: A Fresh Take on Cold Crypto Storage":
🍌 Juicy memes
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